Many Nigerian Soldiers killed in ISWAP suicide bombing in Yobe

Many Nigerian Soldiers killed in ISWAP suicide bombing in Yobe Many Nigerian soldiers were on Monday killed when a Boko Haram terrorist rammed an explosives-laden vehicle into them during a clash in Yobe State. A military source told SaharaReporters that the bomber, believed to be a member of the Islamic State West Africa Province (ISWAP) faction of the group, targeted the...... more

INVESTIGATION: Why CBN banned Cryptocurrency

INVESTIGATION: Why CBN  banned Cryptocurrency More facts have emerged on why the Central Bank of Nigeria (CBN) decided to ban cryptocurrency trading in the country. The apex bank prohibited dealing in cryptocurrencies or facilitating payments for cryptocurrency exchanges last week Friday. Investigations by THISDAY have revealed that, the federal government and the CBN were warned by...... more

Central Bank of Nigeria bans banks from servicing crypto exchanges

Central Bank of Nigeria bans banks from servicing crypto exchanges The Central Bank of Nigeria has placed a ban on all regulated financial institutions from providing services to crypto exchanges in the country. The prohibition was contained in a circular issued by the CBN on Friday. According to the central bank's notice, the ruling is an extension of earlier warnings from...... more

Outrage as police sack single female cop for getting pregnant

Outrage as police sack single female cop for getting pregnant Nigerians have expressed outrage over the sacking of a female corporal, Olajide Omolola, because she got pregnant out of wedlock. They slammed the Nigeria Police Force over what they described as a discriminatory law and called on rights group to fight for the woman. The police, in a wireless message with...... more

Average Air Fare soars by 18.54% YoY in December 2020 - NBS

Average Air Fare soars by 18.54% YoY in December 2020 - NBS THE National Bureau of Statistics  (NBS) has said the average fare paid by air passengers for specified routes single journey increased by 0.42 per cent   month-on-month and by 18.54 per cent year-on-year to N36,454.59 last December  from N36,301.74 in November, last year. It made this known in its “Transport Fare Watch...... more

NCC begins forensic audit of telcos over data depletion

NCC begins forensic audit of telcos over data depletion The Nigerian Communications Commission (NCC) has started probing data depletion in the telecoms industry in line with its mandate of consumer protection. Its Executive Vice Chairman and Chief Executive Officer,  Prof Garba Dambatta ,who spoke on the sidelines of the presentation of ZIK Prize for Leadership Award to him, said reduction...... more

Mm clears air on increase in electricity tariffs

Mm clears air on increase in electricity tariffs The Minister of State for Labour and Employment, Festus Keyamo, has insisted that the Federal Government did not increase electricity tariffs. While speaking on Channels Television’s Politics Today on Tuesday, Keyamo, said the FG only adjusted some bands for consumers to pay what they are supposed to pay. He said the...... more

Consumers will get refund for meter payment – NERC

Consumers will get refund for meter payment – NERC Electricity customers who paid for meters under the Meter Asset Provider scheme will be refunded, the Nigerian Electricity Regulatory Commission has said. NERC said this on Wednesday in an emailed response, through its Head of Public Affairs, Mr Michael Faloseyi, to questions from our correspondent. Following the recent announcement by the...... more

Buhari’s COVID-19 Team deceiving him –Gov Yahaya Bello

Buhari’s COVID-19 Team  deceiving him –Gov Yahaya Bello The Governor of Kogi State, Yahaya Bello, has disagreed with the Federal Government’s approach to combatting the COVID 19 pandemic. Governor Bello had been a strong critic of the coronavirus as he once branded it a “hoax”. Speaking with Channels Television on Wednesday, the governor stated that President Buhari Presidential Task...... more

COVID-19 Second wave: Lagos returns restriction order on churches, mosques, bans carnivals

COVID-19 Second wave: Lagos returns restriction order on churches, mosques, bans carnivals The Lagos State Governor, Babajide Sanwo-Olu, has returned the order restricting the operations of churches and mosques in the state. He asked the worship centres not to hold services for more than two hours, adding that no gathering must exceed 50 per cent of the maximum capacity of the venue. Sanwo-Olu...... more

Suspected Fulani gunmen kill Benue lawyer, wife, blind old man

Suspected Fulani gunmen kill Benue lawyer, wife, blind old man GUNMEN on Tuesday night invaded Agboughul community in  Makurdi, the Benue State capital, and killed a legal practitioner, his wife and a blind old man. The victims were identified as Moses Udam, Mrs Nkechi  Udam and Nyikyor Mazugu. Three persons, comprising two children of the  blind and a sister to the...... more

THE MANY MYSTERIES OF KANKARA ABDUCTION

THE MANY MYSTERIES OF KANKARA ABDUCTION Strange things happen nowadays in Nigeria. Can you imagine that a group of people will carry ten or more vehicles, drive them inside a school compound, collect and pack hundreds of students into these vehicles and drive them away unnoticed?  The exercise which may take up to three or more hours...... more

FG defends 100 per cent hike in domestic airfares

FG defends 100 per cent hike in domestic airfares The Federal Government has justified the over 100 per cent hike in domestic airfares, saying the development was one of the consequences of the COVID-19 pandemic. Director-General of the Nigerian Civil Aviation Authority, Musa Nuhu, spoke during the briefing of the Presidential Task Force on COVID-19 in Abuja on Thursday. “As...... more

FG crashes data price by 50 percent

FG crashes data price by 50 percent THE Federal government said on Thursday that the price of data has been reduced by more than 50 percent following a directive that the Nigerian Communications commission, NCC, should put in place measures to that effect. Accordingly, the price of data of 1GB has been reduced from 1000 naira to 487...... more

Petrol scarcity looms as oil workers begin strike

Petrol scarcity looms as oil workers begin strike Scarcity of Premium Motor Spirit (PMS), aka petrol may hit Nigeria soon. On Monday, oil workers commenced a nationwide strike. The order was given by the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN. The letter to the effect dated November 8, 2020 was signed by the General Secretary,...... more

Obaseki condemns attack on #ENDSARS protesters in Benin, charges police on adequate security

Obaseki condemns attack on #ENDSARS protesters in Benin, charges police on adequate security The Edo State Governor, Mr. Godwin Obaseki has condemned the attack on #ENDSARS protesters in Benin City by unidentified hoodlums, noting that a thorough investigation would commence immediately to bring the culprits to justice. The governor, in a statement, charged the Edo State Police Command to come out in full force...... more

Husband, wife killed on farmland in Ebonyi

Husband, wife killed on farmland in Ebonyi The Ebonyi State Police Command has confirmed the killing of an unidentified couple in Amuzu Nkpoghoro, Afikpo North Local Government Area of the state. The Commissioner of Police, Philip Maku, made this known to the News Agency of Nigeria on Friday. Maku said the Command has commenced investigation to find out...... more

Telecoms CEO demands N500m for ‘unlawful arrest, detention’

Telecoms CEO demands N500m for ‘unlawful arrest, detention’ A TELECOMS expert, Adegoke Ayoola, has asked a Federal High Court in Abuja to compel the Police to pay him N500million for unlawful arrest and detention. Mr. Ayoola prayed the court to declare his arrest and detention from September 3 to September 10, in Ondo State and the Federal Capital Territory...... more

Breaking: FG orders DisCos to suspend electricity tariff hike

Breaking: FG orders DisCos to suspend electricity tariff hike The Federal Government has ordered the Electricity Distribution Companies in the country to suspend the recent hike in tariff. The Nigerian Electricity Regulatory Commission issued the order on Tuesday night. This followed an agreement reached by the Federal Government and Organised Labour for the suspension of the hike in tariff for...... more

FG bars Emirates Airlines from operating in Nigeria

FG bars Emirates Airlines from operating in Nigeria The Federal Government has barred Emirates Airlines from operating in Nigeria. According to the Minister of Aviation, Hadi Sirika, the ban will take effect from Monday, September 21, 2020. The tweet read: “The PTF sub-committee met today with EU Ambassadors to discuss Lufthansa, Air France/KLM ban. The meeting progressed well.  Emirates...... more

Nigerians flay FG's new self-certification rule for bank account holders

Nigerians flay FG's new self-certification rule for bank account holders The Muhammadu Buhari government came under heavy criticism on Thursday, following a notice, enjoining Nigerians with bank accounts to do “self-certification”. According to the notice, which came from Federal Inland Revenue Service ” all account holders in Financial Institutions (Banks, Insurance Companies, etc) are required to obtain, complete and submit Self...... more

Naira plunges further, exchanges for N460

Naira plunges further, exchanges for N460 The naira continued its downward trend, as it exchanged for the dollars at N460 in the parallel market on Tuesday, despite the resumption of forex sales to the Bureau de Change Operators. The naira had earlier dropped from N480/$ following the Central Bank of Nigeria’s announcement to resume forex sales to...... more

NCAA approves Lagos, Abuja Airports to resume International Flights September 5

NCAA approves Lagos, Abuja Airports to resume International Flights September 5 * Other airports would be gradually reopened The Nigerian Civil Aviation Authority has confirmed the Nnamdi Azikwe International Airport, Abuja, and Murtala Mohammed International Airport, Lagos, as the two airports allowed to resume international flight operations as from September 5, 2020. NCAA made this known in a letter with ref NCAA/DG/AIR/11/16/255...... more

NLC, MAN, others reject electricity tariff hike

NLC, MAN, others reject electricity tariff hike Electricity consumers, labour unions and key stakeholders in the economy on Tuesday kicked against increase in electricity tariff implemented by power distribution companies across the country on Tuesday.  Those that spoke on the tariff adjustments included the Nigeria Labour Congress which vowed to resist the increase, the Manufacturers Association of Nigeria...... more

15 Lucrative businesses one can own as a side hustle

15 Lucrative businesses one can own as a side hustle Today, many people are looking to leave the daily “9-God-knows-when” grind for something that feeds their passion, or at best, something that supplements income from their regular jobs. While working on your side business idea is without a doubt a risk, it also requires way more sacrifice. However, once you get it right, you will be making your way majestically into...... more

Early morning fire razes 14 shops, 16 kiosks in Lagos market

Early morning fire razes 14 shops, 16 kiosks in Lagos market About 14 shops and 16 kiosks have been razed by an early morning fire at the Adeniji Adele Market in Lagos Island. Confirming the unfortunate incident, the Lagos State Emergency Management Agency (LASEMA), said the fire started at about 3am on Sunday as a result of electrical malfunction in one of...... more

NNPC surveillance guards protest non-payment of 10-month salary arrears in Enugu

NNPC surveillance guards protest non-payment of 10-month salary arrears in Enugu Again,  the Nigeria National Petroleum Corporation (NNPC) Pipeline Surveillance Contractors Monday protested non-payment of 10-months salary arrears by UTM Offshore Limited, NNPC contractor in Enugu. The Security Guards Contractors who keep watch on  petroleum pipelines from Ishiagu Ebonyi State to Emene in Enugu State on Monday carried placards with various inscriptions as...... more

CAC generated over N56bn in 3 years, remitted only N169m to FG

CAC generated over N56bn in 3 years, remitted only N169m to FG The Corporate Affairs Commission generated over N56bn in three years but only remitted just N169m to the Federal Government’s coffers.‎The revelation emerged on Friday, during an interactive session on the 2021 to 2013 Medium Term Expenditure Framework and Fiscal Strategy Paper organised by the House of Representatives Joint Committee on Finance, Appropriation, National...... more

CBN to unify exchange rates, pegs naira at 379/$

CBN to unify exchange rates, pegs naira at 379/$        The Central Bank of Nigeria on Saturday officially changed the exchange rate of the naira to the dollar from N361 to N379 on its website. The apex bank had earlier expressed its decision to unify the exchange rates in the country as forex scarcity persisted. It was however yet to announce...... more

Power generation hits peak at 5,377MW

Power generation hits peak at 5,377MW The power sector has recorded a peak generation of 5,377 megawatts, the Transmission Company of Nigeria has said. It disclosed this in a tweet via its official Twitter handle and stated that the new record was achieved on August 1, 2020. TCN said the new record surpassed the previous peak generation...... more

 

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